Industrial projects worth $29bn to be developed in Oman’s Duqm

Industrial projects worth $29bn to be developed in Oman’s Duqm

by Fatima De La Cerna on Apr 30, 2018 

The value of industrial projects with usufruct rights in Oman’s Special Economic Zone in Duqm (SEZD) has been estimated at around $29.1bn (OMR11.2bn), as of the start of 2018.

Oman Observer

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These include the $16.9bn (OMR6.5bn) Duqm Refinery and Petrochemical Industries Complex, the $10.7bn (OMR4.1bn) Omani-Chinese Industrial City in Duqm, and two cement plants.

One of the plants is being built by Al Wusta at a cost of $688.3m (OMR265m), while the other is a $441.6m (OMR170m) project being developed by Duqm Cement Projects Company, state-run Oman News Agency (ONA) reported, citing Duqm Economist.

READ: Construction begins on Oman’s $7bn A'Duqm Refinery project

The Special Economic Zone Authority at Duqm is said to have allocated 177.5km for not only medium and heavy industrial projects, but also projects related to energy, renewable energy, railway, and fish processing.

constructionweekonline

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